Southwest Airlines (LUV) Said to Discuss Raising New Equity, Debt - Bloomberg
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April 29, 2020 5:53 AM EDT
Southwest Airlines Co. (NYSE: LUV) today announced it has priced its underwritten public offering of 70,000,000 shares of common stock of the Company at a public offering price of $28.50 per share (the "Common Stock Offering") and its underwritten public offering of $2.0 billion aggregate principal amount of 1.250% Convertible Senior Notes due 2025 (the "Convertible Notes" and such offering, the "Convertible Notes Offering"). The size of the Common... More
April 28, 2020 6:37 AM EDT
Southwest Airlines Co. (NYSE: LUV) today announced that it has commenced an underwritten public offering... More
April 28, 2020 6:07 AM EDT
Southwest Airlines (NYSE: LUV) reported Q1 EPS of ($0.15), $0.26 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $4.23 billion versus the consensus estimate of $4.42 billion.
First quarter net loss of $94 million and $.18 net loss per diluted shareExcluding special items1, net loss of $77 million and $.15 net loss per diluted shareFirst quarter operating revenues of $4.2 billion, down 17.8 percent year-over-yearCapital returns of $639 million to Shareholders through share repurchases and dividends during first quarter; dividends and share repurchase programs suspended until further noticeReturn on invested capital (ROIC)1 pre-tax of 18.1...
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